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Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

Ryanair Will Require Checked Bags To Be Dropped Off 60 Minutes Before Departure

Ryanair passengers checking luggage will need to drop off their bags at least 60 minutes before departure from 10 November, giving travellers less time to use the airline’s airport bag-drop service.

Until the change, passengers can hand over checked luggage up to 40 minutes before their scheduled departure. The new deadline will apply at all airports served by Ryanair.

More Time For Security And Passport Control

Announced in April, the policy is intended to give passengers more time to clear security and passport control, where queues can lengthen during busy travel periods. Ryanair says about 20% of its passengers check in a bag.

“This small change will give the 20% of Ryanair passengers who check in a bag more time to clear airport security and passport control queues and get to their departure gate before boarding begins,” said Dara Brady, the airline’s chief marketing officer.

Brady urged passengers using airport bag drop to arrive in good time and complete both check-in and baggage drop before the revised 60-minute cutoff.

Higher Fares And Route Cuts In Focus

The baggage deadline comes as Ryanair’s leadership warns of potential pressure on fares and capacity across Europe. Chief executive Michael O’Leary recently told Euronews that airfares could see their biggest increase in European history over the next 12 months.

O’Leary said airlines could be largely unhedged against higher jet-fuel prices from April 2027, with fare increases passed on to customers potentially reaching 20%. He also forecast that airline failures and takeovers could reduce the number of available seats.

Ryanair has also announced plans to reduce routes to Belgium, citing the country’s proposed increase in aviation tax from €2 to €7 in January 2027.

Europe’s largest airline operates bases across the continent, including its headquarters in Dublin, as well as locations in Marseille, Berlin, Athens, Milan and Barcelona.

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